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News Archive

A New Approach to Estimating Terrorism Risk - 2005

The U.S. Department of Homeland Security provides grants to help cities prepare for, respond to, and recover from acts of terrorism. An event-based approach to estimating terror risk could help better allocate funds and more effectively reduce risk.

Full Document News Release

Terrorism Risk Insurance Act Effective at Sharing Financial Risk - 2005

The Terrorism Risk Insurance Act (TRIA) creates an effective mechanism for sharing the financial risk that businesses face from terrorism. Still, less than half of all businesses have terrorism insurance; the U.S. government should consider encouraging these businesses to buy coverage.

Full Document News Release Research Brief

RMS Study Argues TRIA Needs to Be Extended - 2005

To evaluate potential insurance payouts from future terrorist attacks, a report from Risk Management Solutions analyzes 32 attack modes against thousands of potential U.S. targets. It concludes that the unique challenges posed by terrorism risk make it highly probable that a large majority of insurers will quit the market for terrorism insurance when TRIA expires on December 31, 2005.

(Note: This document is not a RAND publication.)
Full Document

CTRMP Co-Sponsors National Symposium on the Future of Terrorism Risk Insurance in Washington, D.C. - 2005

The National Symposium on the Future of Terrorism Risk Insurance, cosponsored by CTRMP on October 7, 2005, at the Canon House Office Building in Washington, D.C. will bring together many of the nation's leading experts to discuss the relationship between terrorism risk, insurance, national security and public policy.

Conference Web Site

Terrorism Insurance Has National Security Dimension - 2005

By increasing resilience after terrorist attacks, demonstrating solidarity with victims, and affecting incentives for security precautions, government support of terrorism insurance and compensation may be an important element of counterterrorism strategy, particularly as terrorists increasingly focus on economic targets.

Full Document (From the OECD Conference on Catastrophic Risks and Insurance)

U.S. Terrorism Insurance System Falling Short - 2005

The terrorism insurance system in the United States is failing to provide businesses with adequate financial protection, leaving the nation vulnerable to economic disruption if there is a major terrorist attack.

Full Document News Release Research Brief

Symposium Helps to Frame, Analyze Debate over Terrorism Risk Insurance - 2005

The National Symposium on the Future of Terrorism Risk Insurance, cosponsored by CTRMP in June 2005 on the campus of the University of Southern California, brought together many of the nation's leading experts to discuss the relationship between terrorism risk, insurance, national security and public policy.

Conference Web Site

Terrorism and Rail Security - 2004

No rail security system will be perfect, according to Senate testimony by CTRMP co-director Jack Riley, but America needs a coordinated counterterror effort to define the federal role in preventing or mitigating attacks, to prioritize investments needed for preventing all transport-related attacks, and to define the roles and responsibilities of other parties in preventing and responding to terrorist attacks.

Congressional Testimony

Compensation for Losses from the 9/11 Attacks - 2004

The terrorist attacks of 9/11 caused tremendous loss of life, property, and income, and the resulting response from the compensation system - insurance, tort, government programs, and charity was unprecedented.

Full Document

U.S. Government's Role in Terrorism Insurance - 2004

A new paper explores the debate over whether to extend, modify, or end the Terrorism Risk Insurance Act of 2002, which requires insurers to make terrorism coverage available to commercial policyholders.

Full Document

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